Masraf Al Rayan Reports QR 1.4 Billion in Net Profit

Doha, January 30 (QNA) - Masraf Al Rayan has disclosed the preliminary financial statements for the year ended December 31, 2011. The preliminary financials revealed a net profit of QR 1.4 billion in 2011, it said in a release published on the (Qatar Exchange) website on Monday. The Board of Directors recommends cash dividend payment 5% of its paid up capital. Masraf Al Rayan (MAR) was incorporated as a Qatari Shareholding Company in 2006, and licensed by Qatar Central Bank. It is engaged in Banking, Financing and Investment activities in conformity with the Principles of Islamic Shari ah. Its strategic vision of the future is to be a leading and innovative international Islamic financial institution with Corporate, Retail, SME and Private Banking, as well as Treasury. (QNA)